HSBC Credit Cards has been the most aggressive credit card issuer in India recently, while the others are busy consolidating their books. So, they are firing all cylinders on the cards and rewards front. The newest offering is a bonus on transfer to Accor ALL.
HSBC Credit Cards offering a 50% Bonus on transferring to Accor ALL
HSBC India has launched a limited-time offer for its cardmembers who are members of the Accor ALL programme. Between December 15, 2025 and December 21, 2025, cardholders of selected HSBC credit cards can convert their HSBC Reward points into ALL points and receive a generous bonus of 50% extra ALL points on top of the base transfer.
The bonus is capped — the maximum you can receive is 50,000 additional Bonvoy points per customer — so while the headline figure sounds lofty, understanding the mechanics is crucial for making an informed decision. The cap is on bonus ALL points (50,000), not on transferred points. That determines how many HSBC Reward points you’d need to max out the bonus.
- For Privé / Premier / TravelOne (100 → 100 base): To get 50,000 bonus points, you need to transfer 100,000 ALL points (50% of 100K = 50k). Because conversion is 1:1 from HSBC points for these cards, you need 100,000 HSBC Reward points.
- For Visa Platinum/RuPay Platinum (100 → 50 base): Each 100 HSBC points is equivalent to 50 ALL points (base). After the 50% bonus, it’s 100 → 75 ALL. But to reach the 50,000 bonus cap, you need to convert 2,000,000 HSBC points (because the bonus per HSBC point is smaller).

The conversion must be completed via the HSBC India Mobile Banking app during the offer period; web or phone requests will not be accepted. Once you convert, the transaction is irreversible, so you cannot transfer the points back to HSBC or switch to another partner. After the transfer is complete, the bonus ALL points will be credited to your ALL account within 30 days (although most people report receiving the bonus instantly).
So, when does this promotion become genuinely helpful? If you already have a planned Accor ALL redemption in mind, this bonus can meaningfully boost the value of your HSBC Reward points.
Official Terms and Conditions Link.
Bottomline
This is a genuinely attractive short-term promotion for HSBC customers who already plan to use ALL points. The app-only requirement and 30-day credit window are straightforward constraints; the irreversible nature and the 50k bonus cap are the main reasons to pause and run the numbers first.
If you don’t have a plan for those ALL points, treat this like window-shopping: the 50% looks tasty, but converting without a use-case can leave you “stuck” in a points currency whose future value depends on your redemption choice.
Apply here for HSBC Travel One / HSBC Visa Platinum / HSBC Live+ Credit Cards
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Will American Express ever learn from all of this or they don’t care about the Indian market anymore?
Hi Ajay,
Thanks for sharing. There are a few typos in the post mixing up between Accor and Marriott Bonvoy. You might want to fix.
@Tarun, Thanks. Fixed it. I was jet-lagged when I was writing it. 🙁